Tuesday, April 25th, 2023 April25th2023

Sold Alert: Green Hills Retail Office Building Sold for $742/SF

Published on April 25th, 2023

Sold Alerts provide potential sellers with hard-to-get comparable sale information.

 

 

Go behind the scenes with this undisclosed, off-the-record transaction that may affect the value of your commercial property:

  • 4107 Hillsboro Circle is a 3,368 SF, two-story retail office building.
  • Built in 1985, the building sits on a .17 acre (7,405 SF) parcel of land with 12 parking spaces.
  • Located between Truist Bank and Dr. Douglas McMillan Cosmetic & Family Dentistry.
  • Zoned OR20.
  • This building was once home to long-standing art retailer Cumberland Gallery.
  • Yearly Company, a custom jewelry retailer, will relocate to the building this summer.
  • The buyer put 15% down with financing from Pinnacle Bank at 6.12% interest.
  • The property last traded in 2022 for $2,050,000.
  • The property just sold for $2,500,000…the equivalent of $742/SF.

 

 


Get the blueprint to sell your property for the absolute highest price the market will pay.  Get your blueprint now.


Let the comps speak for themselves…get the 3 comparable sales most like your property.  Get your comps now.


About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and the Southeast.

He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Click to schedule a call with Beau or email to Beau@soldbybeachwood.com